There are some sectors of the real estate market, such as suburban residential housing, that are doing just fine throughout this crisis. However, other areas are facing true existential risk. The value of commercial real estate in big cities is extremely uncertain due to the combination of the virus itself, potential migration out of cities, and the fact that so many people can work from home. On this episode, we speak with Mosaic Real Estate Partners Managing Partner Ethan Penner, who has been described as the father of Commercial Mortgage-Backed Securities, on real estate market structure and what it means for the billions of dollars worth of assets that are on the line.

There are some sectors of the real estate market, such as suburban residential housing, that are doing just fine throughout this crisis. However, other areas are facing true existential risk. The value of commercial real estate in big cities is extremely uncertain due to the combination of the virus itself, potential migration out of cities, and the fact that so many people can work from home. On this episode, we speak with Mosaic Real Estate Partners Managing Partner Ethan Penner, who has been described as the father of Commercial Mortgage-Backed Securities, on real estate market structure and what it means for the billions of dollars worth of assets that are on the line.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

The Father Of CMBS Says We’re In ‘Uncharted Territory’ When It Comes To Valuing Real Estate

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cbddf685-2b1b-4ce6-992f-ae27004b962b/transcript

When most investors think of due diligence, they think of sifting through years of financial statements and crunching numbers to better understand a company's potential. Not many people think about interrogating senior executives and employees, and asking the right questions to figure out whether they're telling the truth about the business model. In this episode, we speak with Phil 'Dick' Houston, a veteran CIA officer who's been called the human lie detector. Phil literally wrote the book on how to spot lies, and has been a long-time collaborator of entrepreneur and serial acquirer Brad Jacobs, helping him with due diligence on both senior hires and potential investments. In this episode, Phil explains his strategy for identifying deceptive behavior and how it can be applied to the corporate world.

When most investors think of due diligence, they think of sifting through years of financial statements and crunching numbers to better understand a company's potential. Not many people think about interrogating senior executives and employees, and asking the right questions to figure out whether they're telling the truth about the business model. In this episode, we speak with Phil 'Dick' Houston, a veteran CIA officer who's been called the human lie detector. Phil literally wrote the book on how to spot lies, and has been a long-time collaborator of entrepreneur and serial acquirer Brad Jacobs, helping him with due diligence on both senior hires and potential investments. In this episode, Phil explains his strategy for identifying deceptive behavior and how it can be applied to the corporate world.

An Ex-CIA Officer Explains How to Spot a Lie in Business

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/71ad16fc-73fd-427a-b38e-b15d00ef306e/transcript

 AI is all the rage right now. There are billions of dollars now flowing into the space, with large and small companies all competing to create the next big thing. But in addition to lots of money, building new AI models requires top-tier researchers. So, who's attracting the best? And what does it take to be considered top talent in AI anyway? On this episode we speak with Damien Ma, managing director at MacroPolo, the in-house think tank of the Paulson Institute. Damien helps put together MacroPolo's Global AI Talent Tracker, which monitors the flow of top-tier AI researchers around the world. We discuss who's winning the AI talent war so far, the purported talent drain in China, competition from India, and much more.

AI is all the rage right now. There are billions of dollars now flowing into the space, with large and small companies all competing to create the next big thing. But in addition to lots of money, building new AI models requires top-tier researchers. So, who's attracting the best? And what does it take to be considered top talent in AI anyway? On this episode we speak with Damien Ma, managing director at MacroPolo, the in-house think tank of the Paulson Institute. Damien helps put together MacroPolo's <a href="https://macropolo.org/digital-projects/the-global-ai-talent-tracker/" data-stringify-link="https://macropolo.org/digital-projects/the-global-ai-talent-tracker/" data-sk="tooltip_parent" data-destination="https://macropolo.org/digital-projects/the-global-ai-talent-tracker/">Global AI Talent Tracker</a>, which monitors the flow of top-tier AI researchers around the world. We discuss who's winning the AI talent war so far, the purported talent drain in China, competition from India, and much more.

Here's Who's Winning the Global Fight for AI Talent

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8044391e-7967-4861-884c-b15c00dc5152/transcript

Over the last year or so, probably every venture capitalist has become interested in artificial intelligence. So people are still figuring out what types of business models actually work, and who will end up making money in the space. Josh Wolfe has been at it for a long time. As a co-founder and managing partner at Lux Capital, he's been involved in a number of deals in the space, and is already looking at what's next after the wave of excitement for chatbots since ChatGPT was released. On this episode, we talk to Josh about what he's excited about right now, including robotics, biotech, and maintenance. He tells us that just as ChatGPT opened everyone's eyes to the power of chatbots, a similar moment is coming in the robotics space.

Over the last year or so, probably every venture capitalist has become interested in artificial intelligence. So people are still figuring out what types of business models actually work, and who will end up making money in the space. Josh Wolfe has been at it for a long time. As a co-founder and managing partner at Lux Capital, he's been involved in a number of deals in the space, and is already looking at what's next after the wave of excitement for chatbots since ChatGPT was released. On this episode, we talk to Josh about what he's excited about right now, including robotics, biotech, and maintenance. He tells us that just as ChatGPT opened everyone's eyes to the power of chatbots, a similar moment is coming in the robotics space.

Josh Wolfe: The ChatGPT of Robotics is Coming

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5920f43f-b27a-4143-b6ee-b15700fa6959/transcript

The Father Of CMBS Says We’re In ‘Uncharted Territory’ When It Comes To Valuing Real Estate

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